问题如下:
Which of the following statements best represents information discovery in the futures market?
选项:
A. The futures price is predictive.
B. Information flows more slowly into the futures market than into the spot market.
C. The futures market reveals the price that the holder of the asset can take to avoid uncertainty.
解释:
C is correct.
The futures market reveals the price that the holder of an asset could take and avoid the risk of uncertainty.
A is incorrect because although the futures price is sometimes thought of as predictive, it provides only a little more information than does a spot price and is not really a forecast of the futures spot price.
B is incorrect because by virtue of the fact that the futures market requires less capital, information can flow into the futures market before it gets into the spot market.
老师,不太明白这道题